Stock Market & Financial Investment News

Time Warner Cable plans may make takeover unappealing, says Brean CapitalBrean Capital noted Time Warner Cable (TWC) reported unimpressive Q4 results but laid out plans to accelerate growth and profitability. The firm believes this could make the prospects of a takeover by Charter (CHTR) less appealing. Brean Capital recommends caution because if the takeover falls apart it could bring valuations of the cable group off of their all-time highs. Shares of Time Warner Cable are Hold rated.

Time Warner Cable price target raised to $219 at WunderlichWunderlich analyst Matthew Harrigan raised his price target for Time Warner Cable to $219 citing a "high confidence" that the takeover by Charter (CHTR) will win regulatory approval. The analyst's 2016 floor value as a standalone entity is $187 per share. He keeps a Buy rating on Time Warner Cable.

Time Warner Cable reports Q2 Residential revenue $4.76BThe growth in residential high-speed data revenue was the result of growth in high-speed data subscribers, as well as an increase in average revenue per subscriber primarily due to increases in prices and equipment rental charges and a greater percentage of subscribers purchasing higher-priced tiers of service. Residential video revenue decreased due to a year-over-year decline in video subscribers, partially offset by an increase in average revenue per subscriber primarily as a result of price increases, higher transactional video-on-demand revenue and growth in premium network revenue. Residential voice revenue decreased due to lower average revenue per subscriber offset, in part, by growth in voice subscribers.